NTT DOCOMO to Sell Stake in U Mobile

Sep 15, 2009 20:46 JST

Source: NTT DOCOMO

TOKYO, Sep 15, 2009 - (ACN Newswire) - NTT DOCOMO, INC. announced today that it will sell its shareholding in U Mobile Sdn. Bhd. (U Mobile), a Malaysian 3G mobile operator, for USD 100 million - the same amount DOCOMO originally invested for the shares.

Under an agreement with major stakeholders, DOCOMO will sell its entire stake - amounting to 16.5% of U Mobile's outstanding shares - to the majority shareholder, U Television Sdn. Bhd. (UTV).

Contact:

NTT DOCOMO, INC.
International PR
Public Relations Department
Tel: 81-3-5156-1366
Fax: 81-3-5501-3408
URL:  http://www.nttdocomo.com

Source: NTT DOCOMO
Sectors: Wireless, Apps

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